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Latest Share Chat

Subsidiary obtaining FuKang Technology Shares

24 Nov 2020 09:39

RNS Number : 3134G
Hon Hai Precision Industry Co Ld
24 November 2020
 

No:1

Subject:Subsidiary, Foxconn (Far East) Limited obtaining Foxconn Singapore Pte Ltd.

Date of events:2020/11/24

Contents:

1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):

Foxconn Singapore Pte Ltd. Shares

2.Date of occurrence of the event:2020/11/24

3.Amount, unit price, and total monetary amount of the transaction:

About 368,631,000 shares at SGD1 each per ;

Total amount equals USD270,000,000

4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed):

Cash investment is not applied; affiliate company

5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer:

Cash increase;Na

6.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit:Board of directors

7.Net worth per share of the Company's underlying securities acquired or disposed of:

SGD 0.7436

8.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment:

Hon Hai Precision Ind. Co. Ltd.

Cumulative no. of shares held: 558,536,755 shares

Cumulative monetary amount held:USD403,837,542.61

Shareholding percentage:60.24%

Restriction of rights:None

 

Foxconn (Far East) Limited

Cumulative no. of shares held:about 368,631,000 shares

Cumulative monetary amount held:USD270,000,000

Shareholding percentage:39.76%

Restriction of rights:None

9.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present:

Ratio to total assets:11.41%;

Ratio to owners'equity:28.53%;

Operating Capital:NTD-104,738,702,000

10.Concrete purpose or use of the acquisition or disposal:

Long Term Investment

11.Whether the counterparty of the current transaction is a related party:Yes

12.Date of the board of directors resolution:2020/11/24

13.Details on transactions with the counterparty for the past year and the expected coming year:

The past one year:None

The next year:USD9,000,000

14.Source of funds:private capital

 

 

No:2

Subject:Subsidiary, Foxconn Singapore Pte Ltd. obtaining FuKang Technology Company limited Shares

Date of events:2020/11/24

Contents:

1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):

FuKang Technology Company limited Shares

2.Date of occurrence of the event:2020/11/24

3.Amount, unit price, and total monetary amount of the transaction:

Total amount equals USD270,000,000

4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed):

Newly incorporated companyt is not applied; None

5.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit:Board of directors

6.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment:

Cumulative monetary amount held:USD270,000,000

Shareholding percentage:100%

Restriction of rights:None

7.Current ratio of securities investment (including the current trade, as

listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present:

Ratio to total assets:0.62%;

Ratio to owners'equity:1.56%;

Operating Capital:NTD-104,738,702,000

8.Broker and broker's fee:None

9.Concrete purpose or use of the acquisition or disposal:

Long Term Investment

10.Source of funds:private capital

11.Any other matters that need to be specified:None

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